County of Santa Barbara - File #: 03-01130

• File #: 03-01130
• Version: 3
• Type: Agenda Item
• Status: Passed
• File created: 11/24/2003
• In control: BOARD OF SUPERVISORS
• On agenda: 2/24/2004
• Final action: 2/24/2004
• Title: HEARING - Consider recommendations regarding recapitalization of housing finance loan portfolio, as follows: (EST. TIME: 1 HR.) a) Approve Housing and Community Development Department's (HCD) request to solicit loan proposals of approximately $1 million dollars from local and national lending institutions to re-capitalize $3.2-3.4 million of its total loan portfolio, comprised of $1.259-1.330 million Housing Rehabilitation (HR) and $1.929- 2.091 million Down Payment Assistance (DPA) programs loans, to be used by HCD to "write-down" the cost of housing in the private market place to attainable levels for low-income and workforce families who live and work in the County of Santa Barbara; b) Authorize HCD to return on or before February 24, 2004 with recommendations for most favorable offer for BOS review and approval. COUNTY ADMINISTRATOR'S RECOMMENDATION: APPROVE
• Sponsors: HOUSING AND COMMUNITY DEVELOPMENT

Date	Action By	Action	Result
4/1/2014	BOARD OF SUPERVISORS	Acted on and continued, as follows:	Pass
3/18/2014	BOARD OF SUPERVISORS	Continued, as follows:	Pass
12/10/2013	BOARD OF SUPERVISORS	Set for a hearing, as follows:	Pass
2/24/2004	BOARD OF SUPERVISORS	Acted on as follows:	Pass

Title

HEARING - Consider recommendations regarding recapitalization of housing finance loan portfolio, as follows: (EST. TIME: 1 HR.)

a)  Approve Housing and Community Development Department's (HCD) request to solicit loan proposals of approximately $1 million dollars from local and national lending institutions to re-capitalize $3.2-3.4 million of its total loan portfolio, comprised of  $1.259-1.330 million Housing Rehabilitation  (HR) and $1.929- 2.091 million Down Payment Assistance (DPA) programs loans, to be used by HCD to "write-down" the cost of housing in the private market place to attainable levels for low-income and workforce families who live and work in the County of Santa Barbara;

b)  Authorize HCD to return on or before February 24, 2004 with recommendations for most favorable offer for BOS review and approval.

COUNTY ADMINISTRATOR'S RECOMMENDATION: APPROVE

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